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How Reed Hastings’ Facebook Status Update Landed Netflix in SEC’s Crosshairs

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The move came as a shock to many in the tech business community, in which we’ve become accustomed to real-time disclosure by company executives through social media. Last month, the SEC announced it was taking action regarding Netflix’ (NFLX) securities compliance based on a Facebook status update posted by CEO Reed Hastings.

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Second-Class Investor Citizens: Facebook’s IPO and Dual-Class Equity Structures

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This is nothing new; long favored by family-controlled media empires such as Rupert Murdoch’s News Corporation , among Internet firms alone, Google took a dual-class approach when going public in 2004. Expert commentators in law and business schools have debated the pros and cons of dual-class voting structures for decades.

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